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Vivendi announces Havas deal, posts 30% EBITA drop in Q1

Friday 12 May 2017 | 09:39 CET | News
Vivendi has offered to pay EUR 2.36 billion in cash to buy a 60 percent stake in advertising group Havas from Groupe Bollore. The deal ends months of speculation about Bollore's ambition to create synergies with the Havas group, in which his son Yannick Bollore is CEO. Coinciding with this announcement, Vivendi reported financial results for the first quarter, which continued to be negatively impacted by the performance of its Canal Plus subsidiary in France. Group EBITA decreased 30 percent while underlying group revenues increased 3 percent, supported by double-digit growth at Universal

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Categories: Broadcast & Satellite / Internet
Companies: Canal Plus / Havas / Universal Music / Vivendi
Countries: France / World
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